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Boeing Q4 Earnings: Stock Price Soars On Bullish 2018 Outlook

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The stellar earnings, this time around, proves that the slump that plagued Boeing ( BA ) through most of FY 2016 and FY 2017 has finally reversed. The company posted an adjusted EPS of about $ 4.80 buoyed by the tax cut, representing a near 94% increase year over year. Additionally, the airplane manufacturer managed to post revenues to tune of $ 25.37 billion, up by almost 9% year over year. Revenues were spurred on by a significant improvement in commercial and defense revenues. As of writing this article, Boeing’s stock price is up close to 5%.

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Additionally, the company has gone on to give a very bullish outlook for 2018. For the full year, it expects earnings to rise to the range of $ 13.80-$ 14, while revenues come in between $ 96-$ 98 billion.

  • As mentioned previously, it seems as though things are finally moving in Boeing’s favor. A large contributor towards this reversal is the jump in deliveries and orders in the commercial airplane segment. The segment reported a revenue increase of about 8% year over year, while deliveries jumped by 13% year over year. In total, the company managed to deliver about 763 planes in 2017. Going forward, it expects to deliver close to 810-815 planes in 2018.

  • In the quarter, revenues at Defense revenues came in about 5% higher year over year. This was on the back of a contract signed with the U.S. Air Force to provide Qatar with 36 F-15 aircraft. However, for the year, the company witnessed revenues decline by almost 7%, while earnings improved by 13%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Referenced Symbols: BA

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